Australia's Transfield Rejects Bid From Ferrovial

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

SYDNEY--Transfield Services Ltd. (TSE.AU), an Australian provider of project-management-and-maintenance services, said Monday it had received a 1 billion Australian dollar (US$785 million) takeover bid from Spain's Ferrovial SA (FER.MC). Transfield rejected the offer as too low, but granted Ferrovial the ...

CLP Holdings Jan-Sep Hong Kong Electricity Sales Up 4.3%

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Chester Yung HONG KONG--CLP Holdings Ltd. (0002.HK), the larger of Hong Kong's two power suppliers by revenue, said Monday its electricity sales in the city rose 4.3% from a year earlier to 25,590 gigawatt hours in the January-September period. ...

BOJ Says Moderate Recovery Trend Intact

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Takashi Nakamichi TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Monday that a modest recovery trend in the economy is intact, offering few hints of any imminent policy changes. "Japan's economy has continued to recover moderately as a trend, although ...

Eurozone Current Account Surplus Narrows in August

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Emese Bartha FRANKFURT--The eurozone's current account surplus narrowed in August from an upwardly revised surplus in July, as the services' surplus shrank on the month, data from the European Central Bank showed on Monday. The current account balance, a ...

Lower Energy Costs Put Downward Pressure on German Producer Prices

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Emese Bartha FRANKFURT--Germany's producer prices index continued its fall on an annual basis in September, as energy costs kept it under downward pressure, while it remained steady in on the month earlier, official data showed Monday. Producer prices were ...

BOJ Cuts View of 1 of 9 Regions

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

TOKYO--The Bank of Japan cut its view of one of the nation's nine regional economies in a report released Monday, the first downgrade to any region since Gov. Haruhiko Kuroda took office in the spring of 2013. In its once-a-quarter ...

Italy's Industrial Orders Rise in August

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Liam Moloney ROME--Italian industrial orders rose, for the first time in four months, in August, on the back of both foreign and domestic demand, even though the eurozone's third-largest remained weak. Industrial orders gained 1.5% on the month, reversing ...

Oil Futures Holding Up

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November ...

Yen Weakens As Nikkei Jumps Amid Diminished Risk Aversion

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Hiroyuki Kachi The yen was weaker than its major rivals in Asia trade Monday, with the stock market's sharp recovery and diminished risk aversion making the Japanese currency vulnerable to selling. As of 0450 GMT, the dollar climbed to ...

Fed to End Bond Buys This Month as Planned, Says Rosengren

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Pedro Nicolaci da Costa BOSTON--The Federal Reserve will likely conclude its bond-buying program this month as planned, despite recent financial market volatility and speculation to the contrary, Boston Fed President Eric Rosengren said in an interview Saturday with The ...

Oil Futures Holding Up, Brent Trades Above $86/bbl

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Eric Yep Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for ...

U.S. Corporate Economists See Hit From Eurozone Troubles

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Jonathan House Faltering growth, double-digit unemployment and a looming threat of deflation in Europe are causing American businesses to worry again about the eurozone's economic woes. According to a survey of corporate economists released Monday by the National Association ...

Fed's Rosengren Says Bond Buys to End as Planned

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

BOSTON--The Federal Reserve will likely conclude its bond-buying program this month as planned, despite recent financial market volatility and speculation to the contrary, Boston Fed President Eric Rosengren said in an interview Saturday with The Wall Street Journal. "The bond ...

Energy Development Secures $315 Million Financing For Wind Project

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

By Cris Larano MANILA--Energy Development Corp. (EDC.PH), the biggest producer of electricity from geothermal power plants in the Philippines, said Monday it had signed a 15-year, $315 million loan to finance its construction of a 150-megawatt wind farm in Burgos, ...

Lower Energy Costs Put Downward Pressure on German Producer Prices

TODAY: Oct. 20, 2014 PUB DATE: Oct. 20, 2014

FRANKFURT--Germany's producer prices index continued its fall on an annual basis in September, as energy costs kept it under downward pressure, while it remained steady in on the month earlier, official data showed Monday. Producer prices were unchanged on the ...

India Prime Minister Narendra Modi's BJP Wins State Elections -- Update

TODAY: Oct. 20, 2014 PUB DATE: Oct. 19, 2014

By Niharika Mandhana NEW DELHI--India's governing Bharatiya Janata Party won significant victories Sunday in two state elections--a broad endorsement of Prime Minister Narendra Modi's agenda for economic revival. The BJP, which has Hindu nationalist roots, emerged as the biggest party ...

Good News and Bad for Retirement Savers

TODAY: Oct. 20, 2014 PUB DATE: Oct. 19, 2014

By Anne Tergesen A pair of recent developments brings good news to those with 401(k) accounts--and bad news to those with individual retirement accounts. To take advantage of the good news and protect against the bad, retirement account owners should ...

A Tax Advantage to Retiring Single

TODAY: Oct. 20, 2014 PUB DATE: Oct. 19, 2014

By Jennifer Waters You may be raising a glass to 40 years of marriage when you officially retire, but the Internal Revenue Service won't be celebrating with you. Instead, federal tax laws favor retired folks who are single if they ...

Hong Kong Protests as Much About Dollars as Democracy

TODAY: Oct. 20, 2014 PUB DATE: Oct. 19, 2014

By Kathy Chu HONG KONG--A key reason why protesters in Hong Kong are demanding free elections for the first time is their dissatisfaction with the state of the city's economy and the pro-business establishment that runs it. Hong Kong has ...